Moody's: stable view for 4 Pakistan banks

Moody's Investors Service said it changed the outlook on the B3 long-term foreign-currency deposit ratings of four Pakistani banks to stable from negative.

The banks, all with B3 ratings, include National Bank of Pakistan, Habib Bank Ltd., United Bank Ltd. and MCB Bank Ltd.

This action follows Moody's change in the outlook of Pakistan's B3 foreign-currency bank deposit ceiling to stable from negative, following the recent augmentation of Pakistan's IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms. All four banks' foreign-currency deposit ratings remain constrained by this country ceiling, the agency said.

All of the banks' other ratings, including their local-currency deposit ratings and bank financial strength ratings, remain unchanged with existing stable outlooks.

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